A public blockchain dedicated to blockchain assets safety and decentralized exchange

GateChain offers an on-chain wallet for users to manage their digital assets directly on the network itself, thereby eliminating the need for a third-party wallet. It’s also fully integrated with the Ethereum Virtual Machine (EVM), making it easy to deploy Ethereum-based smart contracts on the platform. GateToken plays a crucial role in the GateChain ecosystem, offering holders upgraded VIP levels, reduced processing fees, and other perks. The open PoS mechanism ensured the decentralized and secured service offering of the GateChian platform.

• Gate Token runs on the GateChain blockchain, which is a novel next-generation public blockchain, focused on on-chain asset safety and decentralized trading.
• GateToken plays a crucial role in the GateChain ecosystem, offering holders upgraded VIP levels, reduced processing fees, and other perks.
• On-chain ecosystem is the key to the sustainable development of a public chain.
• GateChain Ethereum Virtual Machine or GateChain EVM is based on smart contract support, allowing developers to build and deploy decentralized applications (DApps).

You can choose any of the exchanges based on your accessibility and compatibility, considering your preferred payment method, transaction fees, and easy-user interface. One of the main areas of focus is the reputation, regulation, and security of the chosen platform. GateChain Ethereum Virtual Machine or GateChain EVM is based on smart contract support, allowing developers to build and deploy decentralized applications (DApps).

GateToken GT Price $ 5.18

Vault accounts are designed with advanced security and functionality including revocable transactions and private key restoration. GateToken or GT is a native token of the GateChain protocol and is used to cover transaction fees within the network. The protocol itself is a public blockchain which is focused on the safety of assets. That is not the only focus of the network as they are also looking to provide decentralized trading to their users. The main problems they aim to address are loss of the private key and asset theft that some people encounter.

After a successful fund deposit, you are all prepared to buy a GT token, but you can’t purchase the coin directly. You should first buy Bitcoin or any other digital asset for trading purposes and this can https://cryptolisting.org/blog/what-are-manufacturing-processes be done using LocalBitcoins to search BTC or ETH sellers who allow the preferred payment method. You can then swap the purchased coin for GT which can be further stored in software and hardware wallets.

About GateToken

GateToken (GT) is the unique native currency of the Gate.io exchange, which runs on its own native blockchain, GateChain. The token provides high-performance trading experiences to the exchange’s users with incredible features such as fast transactions and low fees. The token is a result of years of development so that trades can take advantage of the exchange’s features.

Here, one thing to keep in mind is the minimum deposit, as many of the crypto exchanges require a specific amount to initiate trade. Storing GT tokens is possible on any of the appropriate software or hardware wallet. If you prefer keeping the tokens on one of the exchanges you bought them from, it is also possible, but seen as unsafe by some since your tokens are in control of a third party. Lastly, know that some more experienced traders prefer spreading out their tokens to prevent risking all of them in case something happens to one of your exchange options.

To pay for transfer fees you will need to hold these tokens as they are the main payment option. Through mining of these tokens users are providing protection to the network while also earning rewards. Lastly you can deposit these tokens as a collateral to produce USDG stablecoin. GateChain, a high-performance public blockchain, offers an enterprise-class secure, and decentralized cryptocurrency storage, trading, and distribution ecosystem. The next-generation public blockchain was introduced in 2019 by Gate.io, one of the biggest exchanges across the globe.

Trending Coins and Tokens

If you want to invest in GateChain, make sure you only invest an amount you are willing to risk. In terms of performance, GateChain’s block time is 4 seconds, with TPS (Transaction Per Second) up to 2,745, and gas fees as low as $0.0001 per transaction. As of July 14, 2022, GateChain has over 49,543 addresses, with a total transaction of 1,829,470. You can get the real-time information about GatChain on its official website (Gatechain.io/).

GateToken Quarterly Returns (USD)

Once you connect your wallet you will be able to trade on the exchange freely with any assets available to make short or long term profit for yourself. The price of GateToken in the IEO was $ 0.40 and the token sale ended on Apr 21, 2019. Since then, GT price increased 12.95x against US Dollar, decreased 0.99x against Ethereum and increased 1.66x against Bitcoin. GateToken price today is $ 5.18 with a 24-hour trading volume of $ 938,211, market cap of $ 513.52M, and market dominance of 0.03%.

How does GateChain work?

The platform also supports Ethereum’s 0x address, which allows users to run their assets on both networks using the same address without having to create a new account on GateChain. The next thing to look at is a fund deposit to make the final purchase which can be done using different payment methods. Fiat currency, bank transfer, credit card, debit card, and wire transfer are some of the commonly used and convenient methods.

GateToken Markets

GT is up 9.12% against Ethereum and up 10.70% against Bitcoin in the last 1 month. We will continue to optimize the GateChain mechanism and provide it with novel functions. With the continuous development of GateChain and Gate.io, the value of GT will also be guaranteed in the long term. Since the launch of the GateChian mainnet, the PoS output is much larger than the GT burnt, and the total amount of GT is in deflation. The table above shows the number of days which GateToken closed above a certain price level.